RICE STOCK

• The August 1, 2005 total rice stock inventory stood at 1.45 million metric tons, lower than previous month’s level by 11.0 percent but 7.7 percent higher compared to that of last year. The current stock is enough to last for 51 days.
• Compared to their month ago levels, all sectors experienced rice stock drawdowns from 5 to 15 percent.
• The August 1 rice stock inventory was higher than last year due to the reported 35.8 percent increase in NFA depositories. Around 94 percent of NFA stocks were imported rice.
• As of the reporting period, NFA rice stock was sufficient for 17 days supply, while those in households and commercial warehouses were good for 23 and 11 days, respectively.

CORN STOCK

• The August 1, 2005 corn stock inventory of 226 thousand tons was 4.7 percent below last month’s level, but 2.6 percent higher than last year’s record.
• Compared to their month and year ago levels, current holdings of households increased by 46.5 percent and 2.3 percent, respectively. In contrast, stocks in commercial warehouses dropped by 21.6 percent from previous month but up by 2.7 percent from that of last year.
• Around 38 percent of the current corn stocks were with households and 62 percent were with commercial warehouses.
• NFA reported a stock of 44 metric tons of yellow corngrain as of August 1.